Business
Hayleys wins 14 awards including coveted ‘Overall Excellence in Corporate Reporting’ at CA Sri Lanka TAGS Awards 2022
Sri Lanka’s most diversified conglomerate, Hayleys PLC, consolidated its position as a national leader of financial reporting, sustainability reporting and good governance, winning a total of 14 awards across the Group, including the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Corporate Reporting at the recently concluded CA Sri Lanka TAGS Awards 2022.
In addition to winning the event’s flagship award, Hayleys PLC also clinched Gold Awards for Sustainability Reporting and Diversified Holding companies with Turnover in excess of Rs. 50 billion. Rounding out the Group’s total haul of 8 gold awards were Dipped Products PLC (DPL), Hayleys Advantis Ltd (ADV), Alumex PLC, Singer Sri Lanka PLC and Kelani Valley Plantations PLC (KVPL). Hayleys companies also made a clean sweep of all awards in the Plantations and Large Manufacturing sectors.
“We are honoured to have been recognized by the prestigious CA Sri Lanka TAGS Awards. Our performance is a testament to the principles of transparency, accountability, governance and sustainability. These principles have been nurtured across the Hayleys Group over generations, and are at the core of how we run our businesses across our 16 diversified sectors,” Hayleys Chairman and Chief Executive, Mohan Pandithage stated.
As a public listed company, Hayleys’ 9th Integrated Annual Report provides a balanced insight of the Hayleys Group’s financial, economic, social and environmental performance and impacts to more than 14,000 shareholders, investors and other interested stakeholders.
Hayleys was one of the first Sri Lankan companies to lay down a comprehensive and well-defined approach to ESG in the Hayleys Lifecode – a unified policy framework that establishes common standard and collective targets for all our 16 sectors. The Hayleys Lifecode also integrates ESG related targets and goals into business strategy across all of Hayleys Group’s 16 business sectors with the support of its Lifecode Champions, ensuring strong Group-wide coordination in achieving sustainability objectives.
“We congratulate our teams for their unwavering dedication in upholding our shared commitment to the highest standards of governance and business management,” Pandithage stated.
Hayleys has also been a signatory to the UN Global Compact from 2007 and adopted the Global Reporting Initiative Guidelines in 2012. The Group adopted the first Code of Best Practice on Corporate Governance from 2009 and is the only corporate recognised as the nation’s Best Corporate Citizen by the Ceylon Chamber of Commerce, on five separate occasions.
A centrepiece of the Sri Lankan economy, the Hayleys Group maintains a global presence across five regions with business interests spanning 16 diverse sectors. Accounting for USD 600 million of the country’s foreign earnings and 4.2% of the nation’s total export income, Hayleys is a champion of sustainable innovation and represents one of Sri Lanka’s most prominent success stories.
CA Sri Lanka’s Transparency, Accountability, Governance and Sustainability (TAGS) Awards serves as the gold standard in corporate reporting in Sri Lanka. The newly rebranded awards ceremony reflects the core values developed through the competition for over half a century, and aims to strengthen standards and uphold the integrity of corporate reporting among Sri Lankan companies which produce annual reports.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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